The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-12-01
REAL ESTATE OUTLOOK.
STEADY SALES EVERY DAY--A BIG
BOOM IN THE SPRING.
The Demand for Suburban Property In
creasing- Great Belt Drive Is an
Assured Fact Handsome Houses Be-
ing Erected.

A reporter, in his rounds, dropped in
upon Stratton, Thomas & Rogers, to ascer-
tain il there were any enterprises projected
that would DO OF interest TO the public,
and in response 10 the inquiry Mr.. b. NJ.
Stratton, the senior member OF the firm,
said. Eyes, know Of several things OF
importance TO the public, but they have
not assumed sufficient shape 10 make pub
lie. However, / may be permitted TO
mention one Of the enterprises that con-
slider Of the greatest value To our city, and,
in fact, 10 all OF West Tennessee. | refer
TO the Gould university, referred TO
through the press some days since. There
il now a move on foot TO donate forty or
fifty acres Of land just east of the city for
that purpose, and for some OF our enter
prising citizens TO give 100000, and then
have Mr.. Gould cndow il with, say $780,
000 more. Mr.. Gould has already been
approached on the subject, and you need
not be surprised 20 SEQ in n short while
that what Mr.. Vanderbilt has done for
Nashville Mr., Gould is doing for Mem
phis."
What about the great drive leading out
Of the city,"
"Well, that Is one Of tho things Mem
phis mus, have, and | am now engaged in
trying 10 secure IT,"
what isthe program and what are the
prospects, and where will II leave the city,"
'"The drive will be made out Union ave
nue., the only street leading out OF the city
free from the entanglcmcnts OF dummies,
street cans and railroads. The program il
n get the property owners 10 donate TWEEN.
| ty-iive feet on each side Of said avenue,
which, with lis present width, will give us
hundrcd-foot street, this width 10 con.
tinuc TO Mclanc avenue, and that from the
Pigeon Roost road at Rozell station north
20 Old Raleigh road 90 be opened the same
width, thus giving Memphis the long
| talked-oi belt drive"
"What SUCCESS have YOU nader
al have secured already the propei
| width from property owners along these
| two avenues. As soon ns | secure the
full width desired, the citizens generally
will bo called upon 10 assist in making
this one Of the. grandcst drives in In,
south"
$50 you think the citizens will sub
scribe the money for the purpose Of max
ing the drive, N YOU term IL, one OF the
finest In the south2''
without being over sanguinc there Il
no doubt my being able 10 raise the ncces
sary money. already | have been prom
Used from several parties ~ much ~ SJOI
each for the purpose.
"llas the East End railway, since Il,
completion, caused property TO advanc,
largely along the line3''
"While there has been no radical ad
vance, there j. now a very active demand
for property along the line"
"Ar you making many sales In that di
rection?'
"Wcll, We have sold in the last few days
about $4,000 worth in building lots hong
the dummy limo aud adjacent thereto.
While this Is not very heavy sale, and
nothing like what We may expect in the
SPRING yet il is very healthy for winter
sales
"Ac these purchases made with the
view Of building homes, and II ~, what
character Of houses will bo built?"
Yes, and prices will range from g.. O0l
10 $4,000. Many contracts have already
been made, aud the coming spring will
witness u busy Hccnr ~ the Ensi Lnti. q
au neither % prophet nor % boomer, and
express the views oi the most cOnscrva-
tive rial estate dcalcn Ia predicting an act
i've demand and good prices with the OPEN
ing 81 SPRING
Convinced Of the good time coming. the
reporter retired to calculate the profit he
would have had la n corner lot purchased
a year ago.